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Huawei's CFO Was Carrying Apple Products When Arrested

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According to Business INsider, Meng Wanzhou, the Huawei CFO who was arrested in Canada in December, was carrying a bunch of devices made by one of her company's biggest rivals when she was detained. Among the haul of devices was an iPhone 7 Plus, MacBook Air, and iPad Pro. The disclosure is potentially embarrassing for Huawei, which only recently punished two employees over a tweet sent from the company's account by an iPhone.

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In an interview with Chinese state TV this week, Huawei CEO and founder Ren Zhengfei admitted to buying Apple iPhones. Ren was addressing calls for an Apple boycott in China after Huawei was blacklisted by the US. Social media users are calling for a boycott of the iPhone maker after Huawei was blacklisted by the Trump administration. Huawei CFO Meng Wanzhou, who was arrested in December, was carrying a stash of Apple products at the time she was detained.

According to a report by CNN, on Friday, Poland's counterintelligence service confirmed that a Huawei executive has been arrested in Poland on charges of spying for China. Polish state media reportedly identified the detained suspect as Huawei's sales director in the country. Stanislaw Zaryn, a spokesman for Polish counterintelligence, reportedly said in a statement to the country's official press agency that the Huawei Executive, identified as Weijing W., had been arrested along with a Polish citizen. CNN reports that Chinese telecommunications company, considered a national security threat by the United States, Australia, and New Zealand, has attracted greatly increased scrutiny following the arrest of its chief financial officer last month in Canada.

Huawei CFO Meng Wanzhou was arrested in Canada.
The arrest was at the request of The U.S., who claim that Huawei violated U.S. sanctions on Iran.
Business Insider reports the U.S is seeking to extradite Meng to the United States.
Analyst Dan Ives told the BBC the arrest will hurt Apple.
He said the arrest is likely to further stoke rivalry between the US and China, from which Apple could end up feeling the backlash.
This comes at a dangerous time for Apple. Last month, Goldman Sachs said Apple is facing "demand risk" in China.

Chinese tech company Huawei believes the Canadian and U.S. legal systems will deliver a fair conclusion. Reuters reports that the company said this in a statement carried by Chinese state media on Tuesday, after a Canadian court adjourned without deciding the fate of its chief financial officer. Meng Wanzhou, who is the daughter of Huawei’s founder, was arrested on Dec. 1 as part of a U.S. investigation while she was changing planes in Vancouver, British Columbia.

Reuters reports that a top executive of China’s Huawei Technologies argued that she should be released on bail while awaiting an extradition hearing. She cited fears for her health while incarcerated in Canada along with other factors.
Huawei Chief Financial Officer Meng Wanzhou is fighting to be released on bail. She was arrested on Dec. 1 in Vancouver at the request of the United States.
Meng faces U.S. accusations that she misled multinational banks about Huawei’s control of a company operating in Iran. This deception put the banks at risk of violating U.S. sanctions. The banks have incurred severe penalties.

According to Reuters, US stocks fell sharply after the arrest of an executive from a top Chinese technology firm.
The chief financial officer of Huawei Technologies was arrested in Canada and faces extradition to the United States.
For investors, the arrest signaled the end of enthusiasm over a trade truce reached by United States and China during the G20 summit.
When the markets opened on Dec. 6th, bedlam struck the New York Stock Exchange.
The Dow Jones Industrial Average lost about 458-points on the day, falling to 24,568.
The Nasdaq Composite dropped about 53-points, while the S&P 500 lost about 39-points.